3D Printer Facing Liquidation Blames Legal Fees for Bankruptcy

Desktop Metal Inc., a maker of 3D printers and other machines used in manufacturing, filed bankruptcy just months after new owners were forced by a court to complete a takeover of the company.

It will try to sell assets in Europe to help pay its debts, including nearly $30 million it owes law firm Quinn Emanuel Urquhart & Sullivan for winning the lawsuit that compelled fellow 3D printer Nano Dimension to take ownership of Desktop.

The company blamed its bankruptcy on a years-long struggle to become profitable, the takeover fight with Nano and the fees owed to Quinn Emanuel. ...